Moscow stocks 5% ahead of Crimea poll

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MoscowExchange Reuters. The bell rung at the beginning of trading sessions is seen in front of the logo of the Moscow Exchange.

Moscow - Moscow stocks plunged 5 percent Friday as jittery investors dumped their holdings ahead of a referendum in Crimea over its bid to break away from Ukraine and join Russia.

The capital's two main indices MICEX and RTS opened down, but losses accelerated to more than 5 percent by mid-day before recovering to 4.37 percent and 4.82 percent, respectively. - Sapa-AFP



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